Conservative Party members have condemned Liz Truss’s tax-cutting mini-budget, with several accusing the Prime Minister of not prioritising the right policies and possibly jeopardising the party’s electoral chances.

On Sunday morning, the Tory faithful started gathering at Birmingham’s International Convention Centre for the party’s annual conference against a highly challenging economic backdrop.

At the end of last month, Chancellor Kwasi Kwarteng’s financial statement spooked the markets, sent the pound plummeting, and forced a £65 billion intervention by the Bank of England to restore order.

The Prime Minister now faces a difficult task in reassuring Tory members in Birmingham, with several telling the PA news agency that the tax cuts she is implementing are “wrong”.

Scott Wilson, 18, from the Maldon Conservative Association in Essex, said a Labour majority of only 20 or 30 would be a “good result” at the next general election.

“I mean, if I say the only reason I am here is because I am on a student’s budget and I already paid for the accommodation and tickets, I think that sort of sums it up really. It doesn’t look good”, he said.

The Aberystwyth University student added: “We were just discussing how if in the next General Election, we limit it to a 20 or 30 seat Labour majority, that would be a good result at this point.

“I think Truss has planted a seed in the voters’ minds that Conservatives aren’t responsible on the economy.”

Mr Wilson praised measures to freeze alcohol duty but added: “I think, on the whole, I liked the idea of tax cuts, but they were the wrong tax cuts.”